Kodal Minerals (LON:KOD) Sets New 12-Month Low – What’s Next?

Shares of Kodal Minerals PLC (LON:KOD) reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as GBX 0.26 ($0.00) and last traded at GBX 0.34 ($0.00), with a volume of 627429250 shares trading hands. The stock had previously closed at GBX 0.39 ($0.01).

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group restated a “speculative buy” rating and issued a GBX 1.45 ($0.02) target price on shares of Kodal Minerals in a research note on Thursday, September 26th.

Kodal Minerals Stock Down 14.1 %

The business’s 50 day moving average price is GBX 0.46 and its two-hundred day moving average price is GBX 0.50. The company has a quick ratio of 2.59, a current ratio of 142.38 and a debt-to-equity ratio of 6.01.

Kodal Minerals Company Profile

Kodal Minerals PLC, together with its subsidiaries, engages in the exploration and evaluation of mineral resources in the United Kingdom and West Africa. The company explores for lithium and gold deposits. Its flagship project is the Bougouni Lithium project located in Mali. Kodal Minerals PLC was incorporated in 2010 and is based in London, the United Kingdom.